Management Rights

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In: Body Corporate, Facilities Management, Landlords, Tenants, Renting and Management

Contributed By: The Onsite Manager on

When running a management rights business, it’s so easy to get so caught up in the day-to-day that you forget you’re not just an employee doing a job, but in fact a business owner and investor. It’s understandable – if you’re spending all your time listening to complaints and getting covered in bin juice, it’s not hard to lose sight of the reason you first went into management rights: to enjoy a better work-life balance, to semi-retire, or to build a nest egg off of your letting pool income. Unfortunately, there’s no secret get-rich-quick method to running an effective, profitable management rights business. But thereRead More →

In: General Interest, The Management Rights Market

Contributed By: Lindsay Petty Management Rights on

Do you wish to list your business “for sale” or actually list your business “to sell?” There is a difference and here we look to identify some of the issues to assist when you decide to place your business on the market. As with most businesses, buyer appetite continues to evolve & management rights are no different. I have written various articles on aspects of the management rights industry & think it is important for all business owners to be well aware of how to move forward when it is time to sell & to also understand buyer needs. Most buyers that I speak to are considering what their exit strategy is before they make a decision on whatRead More →

In: General Interest, The Management Rights Market

Contributed By: Nick Buick on

When you’re in the market for Management Rights, the best place to search is TheOnsiteManager.com.au, I don’t just say that because I own the site, it really is the only website in the country that  has every single listing, from every single broker in the industry, all located on one super-fast and easy-to-use website. You can search a wide range of parameters to nail down exactly the listings you’re interested in, and short-list these for closer review, or enquire straight away, directly with the broker. We have relationships with many of the nation’s top data aggregators who have built a specialised XML structure exclusively forRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Courtesy of our friends at the Urban Dictionary I have unearthed what I believe to be the definitive description of this month’s bulletin title:  Crash and Burn : to come to grief or fail spectacularly. If you are an industry professional active in the management rights industry I suspect this description may resonate with you.  Our own observations and feedback from the coal face suggests that deals have never been harder to hold together with many “surprises” along the way. Why is it so? Let’s have a look at the key moving parts, the accepted best practice processes and see if we can identify someRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

Naturally, onsite managers always prefer to sell to an investor, it just makes sense from a business perspective… But more than that, managers know their stock inside-and-out, they literally *live* and breath their listings, unlike a conventional agent. The manager understands how units behave as investment vehicles, and they can do an excellent job explaining all this to a prospective buyer without even thinking about it. It just rolls off the top of their head. They know the condition of the sinking fund, the admin fund, how the committee is performing, the schedule for upgrades, the return potential and current rental demand, and of courseRead More →

In: Landlords, Tenants, Renting and Management, Motels and Hospitality

Contributed By: Suzette Sutton - Founder, Australian Home Hosting Expo on

The recent trend in home sharing has brought the tourism industry a whole new pool of customers. And they are travelling to non-traditional tourist locations. Looking at the volume of travellers and destinations, (without getting into policy issues), a whole new and separate market has been created by the home sharing economy. Many home hosts around the world are listing their family home – the WHOLE home – for travelers to rent by the night, by the week or longer. Yes, there are a lot of rooms in private homes available on these platforms if you are a solo traveller or a couple, but have you ever tried to travel with 3 (orRead More →

In: Body Corporate, Legal

Contributed By: Small Myers Hughes Solicitors on

Licensing A NSW owners corporation may engage a licensed strata managing agent to help manage their strata scheme. Unlike the position in Queensland, only a person who is licensed (under the Property, Stock and Business Agents Act 2002) can be appointed. What are their responsibilities? An owners corporation can choose the responsibilities of their appointed strata managing agent in negotiating the contract with them (apart from where the owners corporation’s powers cannot be delegated). A strata managing agent cannot: delegate their powers, authorities, duties or functions to others; set the contributions to be paid by the owners; make a decision on a restricted matter (aRead More →

In: General Interest, Motels and Hospitality

Contributed By: Ben Hanley of TravelTripper on

In the digital age, online reviews have become an important digital currency for hotels—the more you have, the stronger your online position. Savvy online travelers frequently make their decisions based on the recommendations of others, and 95% of people say they read reviews before making a booking. Of all the review sites out there, TripAdvisor is still widely regarded as number one. But things are changing. A number of review sites are now stepping up their prominence in the hotel space. The power of social media is also creating a shift in the way travelers seek out suggestions and tips to inform their booking decision. InRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Nick Buick on

Under new rules announced on the weekend by the Andrews government, tenants in Victoria will now access a raft of new rights and liberties at the expense of landlords and managers. Among such new laws, landlords are no longer allowed to solicit for higher bids above the advertised rental price on a listing. Bonds will be shrunk to no more than 4 weeks (which is the same as in QLD). Landlords will also be unable to issue a notice to leave at the conclusion of a lease, without a specific reason. By far the biggest shake-up, however, comes in the form of changes to theRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: Bonnie Tai of SpiceNews.com.au on

W Hotels, part of Marriott International, is set to open the first five-star hotel in Brisbane’s central business district in two decades. Located at 300 George Street, W Brisbane will mark the re-entry of the W brand into Australia, with room bookings to commence in November 2017. The new hotel will offer 312 rooms, including 29 suites, many with stellar views across Brisbane River to South Bank and Mount Coot-tha. For meetings and events, approximately 1,100 square metres of flexible spaces, fully equipped with the latest AV facilities, will be on offer. There will also be three onsite venues to eat, mix and mingle. WRead More →

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